Thousands of people in Christchurch and around the country paused at 12.51 on Monday afternoon to mark a decade since the February 22 magnitude 6.3 earthquake which claimed 185 lives.
It was 10 years ago today when an ordinary Christchurch day turned to hell for so many. But in contrast to the harrowing scenes and sounds of that day, today a large peaceful crowd gathered at the Civic Memorial Service on the banks of the Avon River under large oak trees.
Reporter Sally Murphy and cameraman Nate McKinnon were there.
New Zealanders are paying too much for house and contents insurance, according to a new survey. Consumer NZ's price comparison survey shows climate and natural hazard risk is being factored in, and is more expensive than ever. Quotes for a large house differed by more than $3,000 across Auckland, Hamilton, Wellington, Christchurch, and Dunedin, and there's a more than $2,000 difference between the cheapest and most expensive policies on offer for a standard-sized house. If you live somewhere with a higher chance of earthquakes - such as Wellington or Christchurch - you'll be charged more for insurance. The cost of house and contents insurance has risen by 5.6% this year, over the past ten years it's gone up 150%. Kathryn is joined by Consumer NZ's Gemma Rasmussen and Katrina Shanks Chief Executive of Financial Advice New Zealand, which represents independent and professional financial advisors.
